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considerably. The budget deficit in Portugal and also in Germany will probably exceed 3 percent of GDP this year; in Italy and … do the same for Germany soon. However, it is not certain there will be the necessary majority in the ECOFIN Council for …
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. Governments in Germany, France, Italy and Portugal should begin to pursue a strict consolidation course. Empirical evidence shows …
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Pact to at least balance the budget over the medium term, the budget deficit in Germany, France, Italy and Portugal …
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